Mexico Oil & Gas Review - December 2016

Mexico is on its way to becoming one of the world’s most attractive upstream investment destinations as a result of the opening of the hydrocarbons market through the Energy Reform approved in 2013. Over the past year, the first three phases of Round One have overseen the allocation of 30 contractual areas, welcoming into the market many foreign players in addition to detonating a national onshore oil industry, a success achieved despite the low oil prices. At the same time, PEMEX has been transforming its structure and strategy to adjust to both of these new situations, undergoing everything from a change in Director General to a budget cut, all in the context of becoming a productive enterprise of the state.
As the Mexican oil and gas industry changes, PEMEX, private operators, suppliers, and service providers find themselves at a turning point, where success will depend on their ability to adapt to the workings and needs of an entirely new market, which is still being defined today. Mexico Oil & Gas Review 2016 provides readers with a in-depth understanding of the new industry settings, which are key to succeeding in the new environment and leveraging the multitude of emerging opportunities. The topics presented in this year’s edition are those that matter most to the key stakeholders driving the evolution of the industry from a political, regulatory, business, and technological perspective, making Mexico Oil & Gas Review 2016 not only an essential read, but also the ultimate industry reference.